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    Matthew W. Thomas (mwt@econtwitter.net)'s status on Wednesday, 31-Jan-2024 03:25:02 JSTMatthew W. ThomasMatthew W. Thomas
    in reply to
    • Lien Rag
    • Phil Stevens :tinoflag:
    • Gerry McGovern
    • Jack of all trades
    • Kyle Montanio
    • GeofCox
    • 504DR
    • phiofx

    @jackofalltrades @FantasticalEconomics @phiofx @phil_stevens @GeofCox @504DR @lienrag @gerrymcgovern there are also no "sacred" assumptions. People remove them and change them and try to work without them all the time. There are discussions about what the assumptions rule out and what happens when they are removed.

    Also, the vast majority of economic research is empirical and these assumptions are only applicable to theory. Empirical work uses Statistical assumptions.

    In conversationWednesday, 31-Jan-2024 03:25:02 JST from econtwitter.netpermalink
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